What Is A Payment Agreement Letter? (+When Should You Write One)

Find out what a payment agreement letter is & when you should write one. Also, learn how Credit Glory can help remove inaccurate debt from your report, today!

Speak with a live credit specialist to see if we can help improve your score
Schedule My Free, Consult ➔
Speak with a live credit specialist to see if we can help improve your score

Before writing a payment agreement letter you need to verify that the debt is yours. What if it isn't? Don't write an agreement letter and pursue removal from your credit report. The best way to remove an inaccurate debt from your credit report is with a dispute. If you need help disputing, team up with the experts at Credit Glory and simplify the process.

Payment agreement letters: what are they & should you write one

Payment agreement letters are a written contract between the creditor and payee committing to repaying a debt. Are they a good idea? They can be, but before you ever write one, you need to verify the creditor has accurate info. What if they don't, and the debt isn't yours? You need to dispute the record and remove it from your credit report (to save your score).

When is a debt inaccurate?

Debts are inaccurate IF your info is reported incorrectly.

Common incorrect info includes:

  • Names and addresses
  • The reported balance
  • Duplicate records
  • Delinquency dates

If one (or more) items on this list aren't correct, it's your right to dispute their claim — and Credit Glory's experience can make it a lot easier!

How to dispute and boost your credit (& why a pro makes it easier)

The best tool to erase an inaccurate debt is a dispute. You can dispute either DIY or w/help from a professional (like Credit Glory). Here is the process (& why working w/an expert is the easiest way).

Step 1: Check your credit report for inaccurate items

Disputing negative items starts with identifying inaccurate reporting. Wondering how to find errors? Look at the detailed info for negative items from all 3 credit reports. Sound like too much work? An expert like Credit Glory quickly finds mistakes, making the process a breeze.

Step 2: Write a dispute letter

There are several options for drafting a dispute letter. You can start from scratch — or find a template online. The tricky part is finding a legit template — especially when Google gives over 74 million search results! On the other hand, a partner like Credit Glory handles this for you, removing the headache.

Step 3: Collect supporting docs

If you can find a legit sample letter, you need to clearly state your name, address, and what you are disputing. Then collect all relevant documents to support your claim. The catch? Make sure you send copies — not originals. Optionally, Credit Glory makes this easier, knowing exactly what to send (& where to send it).

Step 4: Wait for a decision

If you manage to write a letter, compile the documents, and find out where to send your letter — the last step is waiting for results. Assuming you did everything perfectly, the dispute results are sent to you in writing. The result? After a long wait — sometimes months — the record may be removed. If you let Credit Glory help, you have access to support throughout the whole dispute process.

What's your easiest way to find (& dispute) any inaccurate items: DIY or w/help from Credit Glory?

Handling the dispute process on your own is tedious and time-consuming. An easier way? Let Credit Glory — a dispute expert — handle the whole process (saving you time & money).

Choosing Credit Glory for help with your dispute provides:

  • A tested dispute process - Credit Glory uses a refined dispute process, with success removing negative items.
  • Unmatched 100% Money-Back Guarantee - Qualify for a full refund if Credit Glory can't remove inaccurate negative items in 90-days.
  • Best-in-class customer support - Disputes are generally complicated and involve waiting. Credit Glory beats DIY by a mile providing access to comprehensive customer support.

Boost your score today w/help from Credit Glory

Disputing negative items on your credit report is hard work! It takes a lot of time, effort, organization, and follow up. The good news? Our team of credit repair professionals is here to simplify everything! Let your dedicated credit repair expert relieve you of the stress, hassle, and time needed to fight your inaccuracies and boost your credit score (FAST!)

Credit Glory is a credit repair company that empowers consumers with the opportunity and knowledge to reach their financial dreams in 2021 and beyond.

Call us at (855) 938-3044 or set up a consultation to get started, today!

Why choose Credit Glory?

Popular Alternative 1
Popular Alternative 2
Price
$99/m (+ small, one-time $100 review & setup fee charged once your letters are sent)
$90–$130/m ($130 most popular)
$79/m (+$79 review/setup fee)
Customer Service
Mon - Fri: 9AM - 8PM
Sat & Sun: 9AM - 5PM
5 days/wk (M-F), 7 A.M.–7 P.M.
5 days/wk (M-F) 9AM-5PM
Guarantee
Industry-leading 90-day, 100% money-back guarantee (if we remove no negative items)*
None
Money-back guarantee
Reputation
A+ BBB rating (4/5 stars)
No BBB rating (2/5 Stars)
C- rating w/BBB
*Less the initial setup fee
Accurate as of October 28th, 2020

Supercharge Your Future & Credit Score, Today!

Reclaim your financial freedom and speak with a live credit specialist for your free consultation, right now (we're here 24/7) 855 938-3044.